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Fair Value Measurements (Tables) | 6 Months Ended
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Jul. 03, 2026
Fair Value Disclosures [Abstract] |
Schedule of financial assets and liabilities at carrying and fair value | A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):
| Quoted Prices in Active Market (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total
July 3, 2026 |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Investments in rabbi trust | $ | 12.1 |  |  | $ | 19.4 |  |  | $ | — |  |  | $ | 31.5 |
Liabilities: |  |  |  |  |  |  |
Cross-currency swap derivative contract | $ | — |  |  | $ | 7.5 |  |  | $ | — |  |  | $ | 7.5 |
Deferred compensation plans | $ | — |  |  | $ | 31.8 |  |  | $ | — |  |  | $ | 31.8 |
December 31, 2025 |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Investments in rabbi trust | $ | 9.2 |  |  | $ | 18.3 |  |  | $ | — |  |  | $ | 27.5 |
Liabilities: |  |  |  |  |  |  |
Cross-currency swap derivative contract | $ | — |  |  | $ | 10.2 |  |  | $ | — |  |  | $ | 10.2 |
Deferred compensation plans | $ | — |  |  | $ | 27.6 |  |  | $ | — |  |  | $ | 27.6 |
The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):
| July 3, 2026 |  | December 31, 2025
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Assets: |  |  |  |  |  |  |
Investments in rabbi trust | $ | 31.5 |  |  | $ | 31.5 |  |  | $ | 27.5 |  |  | $ | 27.5 |
Liabilities: |  |  |  |  |  |  |
Cross-currency swap derivative contract | $ | 7.5 |  |  | $ | 7.5 |  |  | $ | 10.2 |  |  | $ | 10.2 |
Convertible senior notes due 2028 | $ | 493.9 |  |  | $ | 501.0 |  |  | $ | 492.5 |  |  | $ | 481.2 |
Other long-term debt | $ | 942.4 |  |  | $ | 942.4 |  |  | $ | 955.8 |  |  | $ | 955.8 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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